ETMarkets After Hours: Nifty skids as profit taking hits auto, bank stocks

Sensex closes flat after reaching an all-time high Nifty ends 3 points lower

The 30-share pack, which opened at 31,352 against the previous close of 31,290, witnessed a 255-point swing in intraday trade. Meanwhile, the broad based NSE Nifty fell by 55.05 or 0.57% at 9,574.95 with 38 components registering drop.

The Sensex touched a high of 31,365.39 points and a low of 31,296.01 points in the trade so far. But soon, it headed down and settled with a marginal rise of 7.10 points, or 0.02 per cent, at 31,290.74. The Sensex made a strong recovery opening 136 points up on the back of reforms announced by market regulator Securities and Exchange Board of India to draw more investors.

However, Sun Pharma rose 0.97 per cent, Wipro 0.79 per cent, ICICI Bank 0.71 per cent, Dr Reddy's 0.71 per cent, Cipla 0.39 per cent and Infosys 0.32 per cent. The BSE Mid cap and Small cap indices shed 1.21 and 1.45 per cent respectively.




The Friday's trading session witnessed a sell-off in banking and auto stocks due to which the markets remained in the red territory.

Shares of Fortis Healthcare crashed about 13 per cent after Malaysia's healthcare services provider IHH Healthcare Berhad on Thursday (22 June) said it is not close to "concluding any negotiations" to buy controlling stake in Fortis Healthcare.

Market breadth was negative with 695 advances against 1,819 declines.

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